Posts by Hometown Insurance
Florida OIR Approves Four More HO Rate Cuts as Citizens Keeps Shrinking
Florida’s insurance commissioner announced his office has approved four rate decreases on homeowner policies, averaging 7% and affecting 62,000 policies at renewal. And more rate cuts are on the way—further evidence that taking excessive litigation out of the equation has …
Read More New Jersey Fines Data Center $1 Million Over Generators It Says Were Not Permitted
The New Jersey Department of Environmental Protection (DEP) announced that it is ordering a $1.07 million fine against the DataOne data center in Vineland for allegedly installing and operating 62 large natural-gas power generators without the requisite state permits. The …
Read More Aon Announces New Reinsurance Leadership, Governance Structure in Germany
Insurance broker Aon plc announced a new leadership and governance structure for its Reinsurance Solutions business in Germany, effective October 1, 2026. Under the new structure, Phillip Esser has been appointed CEO of Reinsurance Solutions in Germany for Aon, based …
Read More Cyber Threats the Top Business Concern as AI Heightens Risk: Travelers Risk Index
The rapid growth and lack of governance or regulation in the use of artificial intelligence has once again made cyber threats the top concern among businesses. According to the latest Risk Index from insurer Travelers, 58% of respondents said they …
Read More Movie Theatre Chain Settles EEOC Disability Discrimination Suit
Multi-Cinema (AMC), a nationwide movie theatre chain, will pay $56,000 to settle a federal disability discrimination lawsuit filed by the Equal Employment Opportunity Commission (EEOC), the federal agency announced. In addition to paying $56,000 under the two-year consent decree resolving …
Read More Obscure UAE Firms Hold Key to Radiant’s $1 Billion in Assets
As creditors, counterparties and lawyers pore over the business of embattled commodity trader Radiant World, a low-rise office building in the emirate of Ajman, just north of Dubai, may contain one key piece of the puzzle. Milla Sky Trading, whose …
Read More Hurricane to Threaten Hawaii With Flooding Over Weekend
Hawaii will be threatened by yet another hurricane over the weekend, after a tropical depression reformed to the south of the island chain. The depression, with winds of 35 miles (56 kilometers) per hour, is expected to strengthen into a …
Read More St. John’s to Honor Hartford CEO Swift as Insurance Leader of Year
St. John’s University’s Maurice R. Greenberg School of Risk Management, Insurance and Actuarial Science will honor The Hartford’s Chairman and CEO Christopher J. Swift as the “2026 Insurance Leader of the Year” at its 31st annual award dinner. The event …
Read More Europe Seen Spending More Than $500 Billion to Adapt to Climate Change
Europe is expected to spend €500 billion ($571 billion) on climate resilience measures through 2035, according to a fresh analysis by Bloomberg Intelligence. The figure, which comprises money spent on rebuilding after extreme weather shocks as well as defenses against …
Read More NY Fed’s Perli Says Monetary Policy Toolkit Working Very Well
The Federal Reserve’s monetary policy control toolkit continues to be very effective, Roberto Perli, a New York Fed official responsible for implementing short-term interest rate policy for the central bank, said on Tuesday. “We have maintained very strong interest rate …
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